Wafi Energy Pakistan Ltd, a Saudi-based energy company, is considering an investment of up to $100 million over the next two to three years. This significant capital injection aims to expand its retail network, enhance storage capacity, and upgrade infrastructure across Pakistan, reflecting growing confidence in the country's economic stability.
A high-level Saudi official denied US media reports suggesting Riyadh urged Washington to attack Iran, reiterating the Kingdom's support for a peaceful resolution through dialogue and diplomatic means. The official also confirmed Saudi Arabia would not allow its territory or airspace to be used for military action against Iran.
The U.S. State Department has approved a potential $9 billion foreign military sale of 730 Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) missiles and related equipment to Saudi Arabia. The deal aims to bolster Saudi air and missile defense capabilities amid regional tensions.
Saudi Arabia has officially welcomed a comprehensive ceasefire agreement between the Syrian government and the Syrian Democratic Forces (SDF), announced on January 30, 2026. The deal includes the integration of SDF institutions into the Syrian state and military, aiming to foster peace, security, and national unity in Syria. Riyadh praised the efforts of both parties and the United States in reaching this significant accord.
Saudi Arabia's Ministry of Human Resources and Social Development has announced increased Saudization rates for private-sector engineering and procurement roles. Engineering professions now require 30% Saudi nationals with a SAR 8,000 minimum wage, while procurement roles must meet a 70% Saudization target. These changes are effective by mid-2026.
Businesses in the Middle East are increasingly concerned about rising tensions between Saudi Arabia and the United Arab Emirates, driven by economic competition and diverging regional interests. New Saudi policies, including the regional headquarters mandate, are impacting commerce and prompting contingency planning among firms.
Saudi authorities have reportedly paused construction on the ambitious Mukaab skyscraper, a centerpiece of Riyadh's New Murabba development, amid a reassessment of its financial viability and a broader review of Vision 2030 megaprojects. The move reflects a shift in investment priorities for the Public Investment Fund.
Saudi Arabia has exceeded a total investment volume of $400 billion, marking a significant milestone driven by record foreign capital inflows. This surge, a key outcome of Vision 2030, is strengthening the Africa–Gulf economic partnership and positioning the Kingdom as a strategic global investor.
The Global Carbon Council (GCC) and Saudi Arabia's Regional Voluntary Carbon Market Company (VCM) have formed a strategic partnership to expand voluntary carbon markets. This collaboration enables GCC-certified carbon credits to be traded on the VCM exchange platform, with over 600,000 tons already transacted in the first month. The initiative aims to enhance market integrity and liquidity in the Global South.
Riyadh, Saudi Arabia, is set to host the third Global Labor Market Conference (GLMC) from January 26-27, 2026. Under the patronage of King Salman, the event will gather over 10,000 participants, including 40+ labor ministers, experts, and thought leaders, to discuss critical labor market transformations and foster international cooperation.
A momentous event unfolded recently at Riyadh Metro's Al Andalus Station, as a baby was born on the platform, marking the first childbirth recorded on the network. Metro staff provided immediate and professional assistance, ensuring the safety of both mother and newborn.
Saudi Foreign Minister Prince Faisal bin Farhan met with Lebanese Prime Minister Dr. Nawaf Salam during the World Economic Forum 2026 in Davos. The high-level discussion focused on strengthening bilateral relations and addressing regional developments amidst a complex global landscape.
Saudi Arabia has significantly streamlined its mining licensing process, reducing the time to obtain a permit to between 30 and 90 days. This move, announced by Minister Bandar Al-Khorayef at the World Economic Forum, is a key part of Vision 2030 to diversify the economy and unlock the Kingdom's estimated $2.5 trillion mineral wealth.
The Saudi Arabian Railway Company (SAR) has issued a tender for 10 new passenger trains for its Northern Network, aiming to triple operational capacity and increase annual seating to over 2.4 million. Bids are due by May 11, 2026, aligning with Saudi Vision 2030 and the National Transport and Logistics Strategy.
Saudi Arabia's Ministry of Human Resources and Social Development has announced a 60% Saudization rate for private-sector marketing and sales roles, effective April 19, 2026. The new mandate includes a minimum monthly wage of SAR 5,500 and applies to establishments with three or more employees in these professions, aiming to boost national talent participation.
Saudi Arabia officially welcomed the recent ceasefire agreement in Syria and the integration of the Syrian Democratic Forces (SDF) into the Syrian state. Riyadh praised U.S. efforts in brokering the deal, expressing hope for enhanced security, stability, and the rule of law. The agreement, signed by Syrian President Ahmad al-Sharaa and SDF Commander Mazloum Abdi, includes a comprehensive ceasefire and SDF integration into state institutions.
The sixth annual Joy Awards 2026, held on January 17 in Riyadh, Saudi Arabia, brought together a constellation of Arab and international stars. The event, part of Riyadh Season, celebrated achievements across film, music, drama, sports, and digital content, featuring performances by Katy Perry and Robbie Williams, and recognizing figures like Millie Bobby Brown and Forest Whitaker.
Saudi Arabia's King Salman bin Abdulaziz was discharged from King Faisal Specialist Hospital in Riyadh on Friday, January 16, 2026, following routine medical tests. The Royal Court announced that the examinations yielded 'reassuring' and 'satisfactory' results, confirming the monarch's good health.
Saudi Arabia is finalizing a new military and security partnership with Egypt and Somalia, aiming to bolster Red Sea security and counter the United Arab Emirates' regional influence. Somalian President Hassan Sheikh Mohamud is expected to visit Riyadh to conclude the agreement, following recent tensions between Somalia and the UAE.
Saudi Arabia and the UK are strengthening their collaboration in the creative economy, marked by recent agreements and forums. Initiatives focus on cultural heritage preservation, tourism development in AlUla, and fostering growth across arts, media, and design, aligning with Saudi Vision 2030's economic diversification goals.
